1510/104 North Terrace Adelaide, SA 5000

Positioned sky high on the 15th floor of the popular Horizons Apartments, this spacious one-bedroom apartment presents an excellent opportunity for investors, city professionals or those looking for a convenient lock-up-and-leave Adelaide base.

Currently operated by the vendors as successful short-term accommodation through Airbnb and similar booking platforms, the apartment generated approximately $55,000 in gross accommodation income during the 2025/2026 financial year, with an impressive occupancy rate of just over 78%. This established performance provides an attractive opportunty for investors looking to continue its short-stay use. Looking for a more "set and forget" investment, lease privately on a long term basis or take advantage of the fuss free management agreement with Oaks Hotels & Resorts (contact Toby Shipway for details).

The location is fantastic, positioned on the prestigious North Terrace and directly opposite Adelaide's renowned Riverbank Precinct. Adelaide Oval, the Convention Centre, Festival Centre, Casino and River Torrens are all within easy walking distance. The Royal Adelaide Hospital, SAHMRI and Adelaide's expanding biomedical precinct are also nearby, together with major university campuses, Rundle Mall and some of the city's best restaurants, bars and entertainment.

Inside, the apartment offers generous open-plan living and dining complemented by a fully equipped kitchen. Floor-to-ceiling glass sliding doors extend the living space onto the full-width balcony, capturing elevated south-west facing views across the Adelaide city skyline, the Adelaide Hills and stunning sunsets over the ocean. The generously sized bedroom features built-in robes and direct access to the two-way bathroom, complete with spa bath and European-style laundry.

Residents and guests also enjoy secure swipe-card access, 24-hour reception and an excellent range of facilities including an indoor heated lap pool, spa, sauna and fully equipped gym.

Combining a proven short-stay accommodation history, strong occupancy, premium North Terrace address and genuine flexibility of use, this is an exciting opportunity to secure a high-performing apartment in the heart of Adelaide.

Highlights:

• Approx. $55,000 gross accommodation income in FY2025/26
• Strong short-stay occupancy of approximately 78%*
• Currently operated through Airbnb and similar platforms
• Elevated 15th-floor position with city skyline views
• Spacious one-bedroom apartment with full-width balcony
• Flexible short-stay, long-term investment or owner-occupier opportunity
• Indoor heated pool, spa, sauna and gym
• Refurbished common areas throughout
• Three lifts, all recently upgraded
• Premier North Terrace and Riverbank Precinct location

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at the Ray White Adelaide City office (2/127 Hutt Street, Adelaide) for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA307896.